The Chinese mining firm Bitmain fired three employees over the “illegal publication of the company’s salary announcement.” The report cites Colin Wu, according to BlockBeats.
Bitmain announced that it had fired four employees who leaked the content of the above announcement because of “illegal publication of the company’s announcement on salary release.” https://t.co/hxiyMJLluK https://t.co/t0xY257ekn
— Wu Blockchain (@WuBlockchain) October 17, 2023
The journalist wrote about four employees fired, but the outlet said three. According to a screenshot of the notice, Bitmain “reserves the right to legally pursue all involved parties.”
On October 8, reports surfaced in the media that the firm partially failed to pay salaries for September due to difficult financial circumstances.
The company cited negative cash flow during the month. According to Bitmain, by the time the news was published the miner had already paid off most of the debt, and only “some people” did not receive full payments.
In early October the Australian bitcoin miner Iris Energy announced the purchase from Bitmain 7,000 units of Antminer S21 for $19.6 million — at $14 per TH/s. The Chinese manufacturer granted the firm a one-year payment deferral of $2.9 million.
In the same month the US cryptocurrency mining company CleanSpark announced plans to acquire new mining devices from Bitmain with a total hashrate of 4.4 EH/s. Shipments are set to begin in January 2024.
Earlier in September, Bitmain agreed to invest $53.9 million in Core Scientific under a contract to supply 27,000 Bitcoin-mining devices.